Morocco shares higher at close of trade; Moroccan All Shares up 0.44%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.44%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Food Producers & Processors , Software & Computer Services and Banking sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.44% to hit a new 3-month high.

The biggest gainers of the session on the Moroccan All Shares were Cosumar (CS: CSMR ), which rose 3.66% or 11 points to trade at 304 at the close. Colorado (CS: COL ) added 3.08% or 1.91 points to end at 63.91 and Micro Data SA (CS: MIC ) was up 3.06% or 6.60 points to 222.00 in late trade.

Biggest losers included Stroc Industrie (CS: STR ), which lost 5.07% or 2.30 points to trade at 43.05 in late trade. Cartier Saada (CS: CRS ) declined 4.24% or 1.00 points to end at 22.60 and CTM (CS: CTM ) shed 2.03% or 18.00 points to 870.00.

Advancing stocks outnumbered falling ones by 20 to 17 and 7 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was down 3.61% or 1.70 to $45.37 a barrel. Meanwhile, Brent oil for delivery in September fell 3.12% or 1.55 to hit $48.06 a barrel, while the August Gold Futures contract rose 0.23% or 2.86 to trade at $1222.06 a troy ounce.

EUR/MAD was up 0.02% to 10.9880, while USD/MAD rose 0.10% to 9.6918.

The US Dollar Index Futures was up 0.08% at 96.07.

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